Mastercard Incorporated (NYSE:MA) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 11.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 81,170 shares of the credit services provider’s stock after selling 10,856 shares during the period. Mastercard makes up approximately 2.6% of Motley Fool Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Motley Fool Wealth Management LLC’s holdings in Mastercard were worth $44,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. Northern Trust Corp increased its position in shares of Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after buying an additional 1,207,787 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Nuveen LLC acquired a new position in shares of Mastercard during the 1st quarter worth $4,238,764,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Mastercard by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 7,610,333 shares of the credit services provider’s stock valued at $4,007,373,000 after purchasing an additional 71,874 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 2.4%

Shares of Mastercard stock opened at $574.42 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1-year low of $453.46 and a 1-year high of $594.71. The business’s fifty day moving average price is $563.90 and its two-hundred day moving average price is $553.56. The company has a market capitalization of $519.28 billion, a P/E ratio of 38.73, a PEG ratio of 2.36 and a beta of 1.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were issued a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is 20.50%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $615.33.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,453 shares of company stock worth $20,178,667. Corporate insiders own 0.09% of the company’s stock.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.